Authentic Brands Group has entered into a definitive agreement to acquire Dockers from Levi Strauss & Co. for a transaction value of 311 million dollars. The deal reflects LS&Co.’s strategic efforts to zone in on its direct-to-consumer business. The transaction, which is subject to customary adjustments and closing conditions, has the potential...
May 20, 2025
Though Levi Strauss fourth quarter net revenues of 1.8 billion dollars, rose 12 percent, the company’s outlook for the upcoming fiscal year has raised investor concerns, leading to about a 7 percent drop in the company’s share value in extended trading. The company projects a 1 percent to 2 percent decline in revenue and adjusted diluted EPS...
Jan 30, 2025
For the third quarter, Levi Strauss net revenues of 1.5 billion dollars were flat on a reported basis, and 2 percent higher on a constant-currency basis. Levi Strauss announced that it has initiated a formal review of strategic alternatives for the Dockers brand, which could include a potential sale or other strategic transaction. The company’s...
Oct 3, 2024
Water is essential for life - for humans, animals and plants. However, one in four people in the world have no access to clean drinking water; many areas are drought-prone while others are wasting water. World Water Day on 22 March draws attention to these problems, but is also an opportunity for companies and organisations to highlight their...
Mar 22, 2024
Skechers USA Inc. has received an injunction from the European Union after successfully suing shoe brand Dockers by Gerli, the company announced in a press release. Dockers allegedly sold a shoe that copied the design of Skechers' model 'Hands Free Slip-Ins'. Skechers brought an action against Dockers before the Düsseldorf Regional Court. On 5...
Oct 13, 2023
Second quarter net revenues at Levi Strauss & Co. of 1.3 billion dollars decreased 9 percent on a reported and constant-currency basis. The company said in a release that the planned shift in wholesale shipments from Q2 to Q1 negatively impacted the quarter performance by approximately 100 million dollars or 7 percent of net revenues. Net loss...
Jul 7, 2023
First quarter net revenues of 1.7 billion dollars at Levi Strauss & Co. increased 6 percent on a reported basis and 9 percent on a constant-currency basis excluding 40 million dollars in unfavourable currency impacts. The company has reaffirmed its expectations for fiscal 2023 of net revenues between 6.3 billion dollars and 6.4 billion dollars,...
Apr 7, 2023
Levi Strauss & Co. second quarter net revenues were 1.5 billion dollars, an increase of 15 percent on a reported basis, and 20 percent on a constant-currency basis excluding 47 million dollars in unfavourable currency impacts. Net income decreased to 50 million dollars due to the decrease in operating income, while adjusted net income rose to...
Jul 8, 2022
Levi Strauss & Co. has reported net revenues of 1,498 million dollars, an increase of 41 percent on a reported basis, and 38 percent on a constant-currency basis, compared to the same period in the prior year. The company’s wholesale net revenues increased 45 percent reflecting strong demand in the U.S. and Europe, direct-to-consumer (DTC) net...
Oct 7, 2021
Dockers, which is owned by Levi Strauss & Co., is close to being sold to Bluestar Alliance. The news was reported by WWD. It has been a merger and acquisitions frenzy in fashion as company’s are working on selling off assets after a tough year for retail due to the COVID-19 pandemic. Recently, Ralph Lauren Corp. sold Club Monaco. Adidas is also...
May 28, 2021
Karla Welch, the celebrity stylist behind names including Justin Bieber, Jennifer Lawrence, Tracee Ellis Ross and more, has become known as a designer in and around the fashion industry thanks to her collaborations with classically American brands like Hanes and Levi’s. Now, she’s teamed up with Dockers, an all-American brand known for its...
Jun 21, 2019
Amsterdam - The Dockers brand launched its first pair of khaki pants back in 1986 in San Francisco, looking to disrupt the strict formal business dress code held by corporate offices. The menswear brand, owned by Levi Strauss & Co, sought to offer men an alternative way of dressing by offering them something more comfortable than the suit they...
Dec 11, 2017